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Dalaroo’s first pass identifies several targets

15 November 2021
ASX: DAL
Jack Baker

Dalaroo’s maiden drone surveys have identified nine targets at its Namban site, three of which holding similar signatures to a lucrative Mallory anomaly. 

The Mallory anomaly, held by Minerals 260, had been defined over a strike length of two kilometres, holding platinum group elements at greater than one gramme per tonne. 

The nickel-copper mineralisation being sought is in high demand, as Australian companies are well positioned to supply critical minerals to the US. 

The company said the results have further supported known data, adding a clearer picture of the asset. 

“We have utilised existing open file Government geophysical datasets, comprising semi-regional 200-metre line spacing and regional wide spaced gravity to provide useful interpretation of gross geology, define major structures and develop broad areas of interest,” managing director Harjinder Kehal said. 

“In addition, Dalaroo has now completed its own high unmanned aerial vehicle-surveys to be used for improved definition and delineation of features of interest for ground follow up.” 

The results have been used to generate a structural interpretation that is guiding the first systematic soil geochemical sampling currently underway and will assist in subsequent aircore and reverse circulation drill targeting expected to start in early 2022 once crops have been harvested. 

Upcoming milestones 

Results of a third UAV magnetics survey covering the gap area was completed last week, which will be assessed and released to investors as soon as the data is received from the geophysical contractor. 

The geochemical samples are being collected using a hand auger from a depth of 30–100-centimetre, sample spacing is 200m by 100m with sampling over a wider area also planned. 

DAL’s Australian Stock Exchange-listed share prices have risen over six per cent today, currently trading at 17c (9:17 am UTC+8) 

COMPANY OVERVIEW

Dalaroo Metals is a base metals explorer focussed on creating shareholder wealth through new Ni-Cu-PGE and Pb-Zn-Cu discoveries. The company has two projects with multiple high quality drilling targets, that have significant potential to yield economic and world class discoveries. Namban Ni-Cu-PGE and Lyons River Pb-Zn-Cu-Ag projects occupy a large land position totalling 1,140 km² with the scale to host significant sized orebodies. Significant SEDEX/BHT discovery potential at Lyons River.

COMPANY INFORMATION

ASX: DAL

Website

https://www.dalaroometals.com.au/
https://www2.asx.com.au/markets/company/dal

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